Knight FinTech - Business Outrank

Knight FinTech has raised 23.6 million in a Series A financing, led by Accel, and has now raised more than 30 million. This milestone has seen the company become a soonicorn in the year 2026. The term is used to signify its swift development and high possibility of becoming a billion-dollar enterprise in the near future. IIFL and Rocket Capital were also involved in the latest round. Current investors Prime Venture Partners, 3one4 Capital, Commerce VC, and Trifecta Capital remained their sponsors. The presence of both new and existing investors is an indication that they believe in the business model of Knight FinTech and its position in developing the credit infrastructure in India. Knight FinTech, being founded to tackle the historic shortcomings in the delivery of credit, concentrates on the development of the fundamental financial infrastructure. It has a platform that links banks, lenders, digital platforms, and borrowers all in a single system. These are aimed at enhancing risk assessment, facilitating smoother movement of capital, and facilitating lending at scale across a variety of financial applications. In its global expansion strategy, the company is gearing up to expand into the Middle East and Asia-Pacific. To facilitate this drive, Knight FinTech has enlisted the services of Sanat Rao as an investor and board advisor. Rao had extensive experience in leading banking technology, serving as the global chief executive officer of Infosys Finacle. Speaking of the company's direction, its founder and chief executive officer, Kushal Rastogi, stated that Knight FinTech is a multi-engine platform. Co-lending and treasury products are already operating at a material scale, and embedded finance and digital lending continue to expand. He further stated that the assembly of all four engines is also the core of developing leadership across divisions. Knight FinTech claimed to operate one of the biggest digital lending platforms in India. It enjoys an almost 70% digital co-lending infrastructure market share. The company also pioneers in automating the treasury and universal digital lending platforms, serving banks like Bank of Baroda, Bank of India, NABARD, and NSDL Payments Bank. Knight FinTech has enabled the disbursement of over $7 billion in cumulative loans over the last 3 years. It currently controls more than $5 billion in active assets under management. The platform still keeps on disbursing close to 1 billion dollars every quarter, with 120 percent annual growth over three consecutive years. On the financial side, Knight FinTech manages over $125 billion in assets on its platform. This scale supports its principle of being a primary infrastructure provider to financial institutions. The treasury business aids in improved liquidity planning and control of operations among the banks and big lenders. In the future, Knight FinTech will exceed the 85-100 million revenue in four years. The company also intends to grow its assets under management to more than 50 billion dollars. The new capital and leadership capabilities, as we can observe, put Knight FinTech in a good position to continue the growth and go global.

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